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Problem 6-2 Using the appropriate interest table, provide the solution to each of the following four questions by computing the unknowns. Your answer is incorrect.
Problem 6-2 Using the appropriate interest table, provide the solution to each of the following four questions by computing the unknowns. Your answer is incorrect. Try again What is the amount of the payments that Alan Winslow must make at the end of each of 9 years to accumulate a fund of $84,400 by the end of the 9th year, if the fund earns 9% interest, compounded annually? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 declmal places, e.g. 458,581.) 38,860 Payment at the end of each year LINK TO TEXT LINK TO TEXT LINK TO TEXT x Your answer is incorrect. Try again. Adams Hitchcock is 39 years old today and he wishes to accumulate S454,000 by his 60th birthday so he can retire to his summer place on Lake Hopatcong. He wishes to accumulate this amount by making equal deposits on his 39th through his 59th birthdays. what annual deposit must Adams make if the fund will earn 12% interest compounded annually? Round factor values to 5 decimal places, eg. 1.25124 and final answer to O decimal places, e.g. 458,581.) 5,557 Annual deposit x Your answer is incorrect. Try again Carla Ross has $21,500 to invest today at 11% to pay a debt of $61,048. How many years will it take her to accumulate enough to liquidate the debt? (Round answer to 0 decimal places, e.g. 45.) 11 ears
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